Huge gains in the global energy market appear to have lifted sentiments in the Qatar Stock Exchange, which shot up 117 points to surpass 10,500 levels with an ease. Foreign institutions were seen pumping huge funds, leading to 1.12% surge in the 20-stock Qatar Index to 10,511.58 points amid strengthened trading volumes.

However, local retail investors turned bearish and there was increased net selling pressure from domestic funds in the market, whose key benchmark settled 2.06% higher year-to-date.

Market capitalisation saw about QR7bn or 1.17% accretion to QR581.61bn mainly owing to large and midcap segments.

Islamic equities were seen gaining slower than the other indices in the market, where non-Qatari and Gulf individuals as well as Gulf institutions turn net profit takers.

Trade turnover and volumes were on the increase in the bourse, where banking, industrials and realty sectors together accounted for more than 83% of the total volume.

The Total Return Index gained 1.12% to 19,342.2 points, Al Rayan Islamic Index (Price) by 0.91% to 2,363.2 points and All Share Index by 1.05% to 3,096.7 points.